SWEDEN – The financial group SEB has been upgraded to a full clearing member of Eurex, the electronic derivatives exchange.
The move makes SEB the first Nordic institution with the ability to trade directly on the bourse.
The group can now also now act on behalf of other financial institutions that want to trade on Eurex.
“ As a full clearing member we will be able to offer our customers a better and more complete service. We can offer our clients global clearing – that means one single central account and confirmation for all their business,” says Ulla Nilsson, head of SEB Futures.
The SEB group has SEK942bn (e105bn) in funds under management and total assets of SEK1.1trn.